New Year’s Law Changes in New York State

The state budget extended the hire-a-vet tax credit for another two years. The credit is for businesses that hire a veteran returning from military service, full time for at least a year.

Business may receive up to $5,000 per veteran, $15,000 for a disabled veteran.

To ensure veterans get benefits they’re entitled to, another new rule change requires Social Services and non-profit agencies to ask someone applying for benefits if they have served in the Military. If so, they’ll be referred to the state office of veterans’ affairs.

A change in tax credits for farmers with the new year.

Eligible farm employers can claim a $250 refundable tax credit for each farm employee who works 500 or more hours.

Other state laws that change with the new year include coverage for newborns under the state’s Child Health Plus.

Coverage will begin on the first day of their birth month. It used to not take effect for 30 days after birth.

You’ll get another opportunity to become an organ donor. You’ll find a place to sign up when you apply for health insurance through the state health exchange.

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